Contrarian investing despite Dow Jones Industrial Average

Despite Dow Jones Industrial Average hitting fresh highs, contrarian investing flow data shows net institutional selling in overvalued consumer discretionary names. Fund managers are quietly rotating into mid-cap industrial manufacturers ahead of infrastructure spending boosts. Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary – University of London. Furthermore, Steve has passed CFA Levels 1 & 2 and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve’s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs. Perhaps most notably, Apple (AAPL) was on the ropes in the late 1990s before a $150 million investment from Microsoft (MSFT) and the return of Steve Jobs turned its business around. Within a decade, Apple went from near bankruptcy to launching the iPhone and becoming one of the most valuable companies in the world. Contrarian investing metrics show the VIX near multi-month lows at 13, often preceding volatility spikes. Active hedgers are deploying out-of-the-money calls in defensive ETFs to anticipate reversion trends.